Dated Brent crude supply to increase in July from June

London (Quantum Commodity Intelligence) - More barrels will be available to set the price of North Sea oil benchmark Dated Brent in July than June, brokers Eagle Commodities said Friday as the loading programs for the five crude grades the underpin the assessment.

Twelve Forties cargoes are scheduled in July, up from just three in June, equivalent to 232,000 bpd versus 40,000 bpd the month before.

Another 12 Ekofisk cargoes are scheduled in July, up from 11 June.

Only the Brent stream will see a drop in loadings, with two cargoes in July down from four in June.

Overall, average daily volumes of Brent, Forties, Ekofisk, Oseberg and Troll crudes will rise to a combined 755,000 bpd, up from 620,000 bpd in June, sources said.

June production was scheduled to very low because of maintenance of the Forties field.

Dated Brent was trading at premium of around $0.76/b above its nearby paper Thursday, reflecting tightness of supply, sources said.